US Democracy of Dollars–political decisions should be made based on whatever gets the majority of political contributions. In America your million dollar contribution and my million dollar contribution each count equally. The dollar majority rules:
Caution: Do not read “The Oligarchs’ Escape Plan”.
In its new “A Fistful of Dollars” report, the International Monetary Fund concludes that the riskiest mortgage lenders were also the most active lobbyists in Washington.
IMF researchers found that during 2000 to 2007, lenders lobbying more intensively on mortgage-related legislation — such as consumer protection laws and securitization — made more hazardous mortgage loans than those who lobbied less.
“These results suggest that lobbying may be linked to lenders expecting special treatments from policymakers, allowing them to engage in riskier lending behavior,” the report notes.